1st Food Group (FIFG)

[Hooparena]

First, their chocolates are outstanding and the best I have ever tasted. That being said, their business plan is the CBD side and it is a slow growing and positive business.

Where the real explosion potential is the future possibility of THC inside the chocolates. When cannabis becomes legal (hopefully in our lifetime), the demand for the THC infused products will blow off the charts. Currently the company is not taking on that sector due to the legality of cannabis products crossing state lines so the company can’t pursue this business line. Notice that in every financial report they specifically state they have no immediate plans for THC infused products but realize they have it in the future plans when cannabis legalization does get passed.

The cannabis sector reaches new lows every day so I believe that is the reason for the stock price depreciation. When you look up the corporate website of First Foods Group, they have numerous other cannabis stock companies prices scrolling across the screen. So the company views itself as a cannabis company despite the fact that CBD is not affected under Federal cannabis laws. That is why I believe the company’s future plans are for THC infused chocolates in the longer run.